Warner Corporation stockholders' equity consisted of the following on January 1, 2015: Stockholders' Equity Paid-In Capital...
Warner Corporation stockholders' equity consisted of the following on January 1, 2015:
| Stockholders' Equity | |||
| Paid-In Capital | |||
| Capital Stock | |||
|
Common Stock, no par, $15 stated value, 1,000,000 shares authorized 400,000 shares issued and outstanding |
6,000,000 | ||
| Additional Paid-In Capital | |||
| APIC - Common Stock | 4,600,000 | ||
| Total Paid-In Capital | 10,600,000 | ||
| Retained Earnings | 4,100,000 | ||
| Total Stockholders' Equity | 14,700,000 | ||
Prepare the appropriate journal entries, if any, for the following transactions in 2015. If no journal entry is required, please clearly indicate that. Show your computations.
2/20/15: Issued 60,000 shares of common stock for $35 per share
3/31/15: The Board of Directors declared a cash dividend on common stock of $2.00 per share, payable on May 1, to stockholders of record on April 15.
4/15/15: Date of record for cash dividends on common stock.
5/1/15: Paid the cash dividend to common stockholders.
10/10/15: Purchased 20,000 shares of their common stock as treasury stock for $40 per share.
Prepare the Stockholder’s Equity section of the Balance Sheet for December 31, 2015
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Warner Corporation stockholders' equity consisted of the
following on January 1, 2015:
Stockholders' Equity
Paid-In Capital...
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Declared a $2 cash dividend per share to stockholders of record
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Paid the dividend declared in February.
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Problem 14-03A a-d
On January 1, 2020, Oriole Corporation had the following
stockholders’ equity accounts.
Common Stock (no par value, 88,000 shares issued and
outstanding)
$1,415,000
Retained Earnings
457,000
During the year, the following transactions occurred.
Feb. 1
Declared a $1 cash dividend per share to stockholders of record
on February 15, payable March 1.
Mar. 1
Paid the dividend declared in February.
Apr. 1
Announced a 3-for-1 stock split. Prior to the split, the market
price per share was...
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